What Is the Primary Outcome of the Responsibilities of a Convention

question 26

Multiple Choice

What is the primary outcome of the responsibilities of a convention and visitors bureau?

• A)Increase government involvement in hospitality
• B)Increase city population
• C)Develop infrastructure
• D)Generate and increase revenues for the city

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Definitions:

Fixed Cost

Expenses that do not change in proportion to the level of goods or services produced by a business.

Author Royalties

Author royalties are payments made by publishers to authors for the right to use, produce, or sell the authors' creations, usually a percentage of sales.

Fixed Cost

Expenses that do not change in relation to the level of goods or services produced over a certain period.

Variable Cost

Costs that change in proportion to the good or service that a business produces, such as materials and labor directly involved in production.